Gambling revenue in New Jersey saw a 9.3% increase year-on-year in October due to a surge in the state’s igaming and sports betting market. Total market revenue reached $487.1 million in October, surpassing last year’s $445.7 million, but falling 6.6% short of the $521.5 million revenue in September.
While physical slots experienced a year-on-year decline, with revenue from retail slots dropping by 1.9% to $163.0 million, land-based table games revenue saw a substantial 19.7% increase to $65.1 million. This resulted in total revenue from the retail casino sector rising by 3.4% to $228.1 million.
In contrast, the online gambling market in New Jersey experienced significant growth. Revenue from authorized online games, including internet slots, increased by 13.4% to $164.4 million in October. Online peer-to-peer poker games also saw a 6.2% increase in revenue, amounting to $2.4 million. Overall, revenue from igaming reached $166.8 million, marking a 13.3% year-on-year increase.
Golden Nugget emerged as the leader in the New Jersey igaming segment in October, overtaking Resorts Digital and Borgata. In the sports betting sector, revenue also surged by 18.4% to $92.3 million, with players spending $1.29 billion on sports betting during the month.
New Jersey’s year-to-date gambling revenue totaled $4.77 billion, marking a 10.6% increase from the same period in 2022. Land-based casino revenue was up 1.9% at $2.40 billion, online gambling revenue increased by 15.1% to $1.57 billion, and sports betting revenue surged by 34.7% to $801.3 million. Year-to-date wagering handle in New Jersey amounted to $9.06 billion.